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Dec 14, 2012
12/12
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greek prime minister welcomed the decision calling it a big success for greece and a big success for europe. instors are still uncertain about the global economic outlook despite the measures taken to stabilize the euro zone. major central bank leaders are beefing up the coordinated action to secure confidence in global financial markets. they're extending a program that makes it easier for commercial banking to borrow money. taking part are the u.s. federal reserve and the european central bank as well as the central banks of canada, britain and switzerland. the leaders agreed to extend the foreign currency liqdity swap by one year. the arrangement was set to expire next february. the bank of japan whether to join the plan at the policy meeting next week. it was introduced last november when commercial banks had trouble getting money from the markets due to the european credit concerns. the bank leaders say their decision shows they're taking all possible measures to ease global financial strains. >>> more business headlines for you next hour. here's a check on markets. >>> north korea's s
greek prime minister welcomed the decision calling it a big success for greece and a big success for europe. instors are still uncertain about the global economic outlook despite the measures taken to stabilize the euro zone. major central bank leaders are beefing up the coordinated action to secure confidence in global financial markets. they're extending a program that makes it easier for commercial banking to borrow money. taking part are the u.s. federal reserve and the european central...
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Dec 14, 2012
12/12
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KCSMMHZ
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now into europe, we have a low pressure area pushing in across the british aisles into the iberian peninsula. as that continues to track to the east, gusty winds are coming out of this one. all these lines are close together. that is indicating sustained winds possibly. gusting winds up to 110 kilometers per hour at this time. massive storm system already causing traffic delays into the airports around berlin over towards paris as well. it does look like that is going to persist as this continues to track off there towards the east. all those winds, once again, just like over there in the united states, that's pulling in warm air from the south. you're seeing a rising temperatures. london and paris, 11 degrees on your saturday. not so much the case here into the east though. minus 12 here for your high and n. moscow. now here's a look at your extended forecast. >>> we'll be back in 30 minutes with more news. i'm gene otani in tokyo. -- captions by vitac -- www.vitac.com
now into europe, we have a low pressure area pushing in across the british aisles into the iberian peninsula. as that continues to track to the east, gusty winds are coming out of this one. all these lines are close together. that is indicating sustained winds possibly. gusting winds up to 110 kilometers per hour at this time. massive storm system already causing traffic delays into the airports around berlin over towards paris as well. it does look like that is going to persist as this...
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Dec 14, 2012
12/12
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CURRENT
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their friends their brothers and sisters die in the fires are very worried that if the united states or europe imposes restrictions saying we will not allow imports from your factories unless they have the same standards as the united states, they worry these factories don't have the money to invest in the safety improvements and that these factories will lose lots of american and european orders and the factories will close and the workers with lose their jobs. i think what we need is for more companies, more western companies, western retailers like walmart or sears or disney to work closely with the bangladeshi manufacturers to make sure they have the wherewithal, the money and the will to improve fire safety, to improve the electrical systems to help make sure that there aren't more fires like the ones we so recently in bangladesh and in pakistan. >> jennifer: you talk about the big players like walmart an extremely profitable company who has subcontracted, perhaps there is some willful blindness there. how much would it cost to upgrade the factories? is that something that really would pu
their friends their brothers and sisters die in the fires are very worried that if the united states or europe imposes restrictions saying we will not allow imports from your factories unless they have the same standards as the united states, they worry these factories don't have the money to invest in the safety improvements and that these factories will lose lots of american and european orders and the factories will close and the workers with lose their jobs. i think what we need is for more...
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Dec 14, 2012
12/12
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commissioner for economic and monetary affairs said the agreement was an important step forward for europe. >> last night's decision on the single supervisory mechanism for euro area banks is a breakthrough towards a true banking union, which is significant and crucial in order to restore and reinforce confidence in the european economy. >> sreenivasan: the banking superviser role must be approved by the european parliament, but the position could be up and running by march of next year. separately, finance ministers agreed to give greece its next bailout payment of $64 billion. in return, greece has agreed to reduce its debt load by buying back devalued bonds from private investors. the european court of human rights issued a landmark ruling today condemning the c.i.a.'s extraordinary renditions programs. it ruled that a german car salesman khaled el-masri was a victim of torture and abuse for four months at the hands of the c.i.a. el-masri said he was kidnapped from macedonia in 2003, interrogated and tortured at an afghan prison run by the c.i.a. and then dropped on an albanian mountain
commissioner for economic and monetary affairs said the agreement was an important step forward for europe. >> last night's decision on the single supervisory mechanism for euro area banks is a breakthrough towards a true banking union, which is significant and crucial in order to restore and reinforce confidence in the european economy. >> sreenivasan: the banking superviser role must be approved by the european parliament, but the position could be up and running by march of next...